21Shares has announced the launch of the 21Shares Lido DAO ETP (LIDO). The firm writes that this product offers investors first-of-its-kind single asset exposure to Lido DAO, the market-leading liquid staking solution for various Proof-of-Stake (PoS) blockchains, including Ethereum, Polygon and Solana.
Lido’s mission is to make staking simple, secure and decentralised. It does so by enabling users to stake their assets and receive an equal amount of staked tokens (“stTokens”) in return, which accrue staking rewards. These stTokens can then also be traded on the secondary market and used within DeFi applications, a process known as “liquid staking.”
Liquid staking allows users to access the benefits of staking without facing lock-up periods or high minimum staking amounts that can place staking out-of-reach for many everyday investors. Lido is the largest liquid staking provider, responsible for USD13.33 billion in total value locked out of the combined USD19.53 billion in total value locked across the space as a whole. With the 21Shares Lido DAO ETP, investors have a simplified and secure way to gain exposure to the growth of liquid staking through an ETP that is fully collateralised, with institutional grade security and custody solutions.
“The 21Shares Lido DAO ETP was launched to offer investors exposure to liquid staking, one of the fastest-growing segments in the digital asset space,” says Arthur Krause, Director of ETP Product at 21Shares. “Lido DAO’s position as a pioneer and market-leader make this an ideal entry point for investors looking to participate in the growth of this important sector.”
